Faced with rising inflation, Bruno Le Maire, Minister of Economy, called Monday, May 23 companies that can increase wages. This was at the beginning of a Bercy meeting with employers’ organisations, which was unfavorable for any general increase.
Minister said that it was good that wages could rise in companies that have the chance. He also stated that his compatriots should say, “It pays me for work” and not “it’s costing you a lot” due to the high price of gasoline.
Bruno Le Maire stated that the return to inflation is cause for concern and concern, as well as anguish for millions upon millions of compatriots. In April, however, consumer prices rose 4.8% in a year.
He addressed the bosses and wished “that all of us can give answers to this”, but he rejected “general increases, everywhere, determined by the administration”, as “this isn’t how it works” and “that’s not what would make it work.”
Francois Asselin, president of Confederation of Small and Medium Enterprises, declared Monday morning on Franceinfo “no uniform increase in salary”. There will be as many situations as there are businesses.
“We have companies which are weak, so we must be careful, and not to handicap future, that is uncertain”, warned AFP Dominique Metayer (President of the Union of Local Businesses).
“The response to inflation should be equitable shared, it cannot remain solely on the state,” said the Minister of Economy. He was reaffirmed Friday within the government that Elisabeth Borne formed.
He recalled the protection measures taken by households to preserve their purchasing power, such as the energy shield. He also recalled President Emmanuel Macron’s commitments, which will be the subject of a bill that is presented to the Council of Ministers prior to the legislative elections. June 12th and 19. Representatives of employers also emphasize the achievements they have made.
Francois Asselin stated that many companies made “individual increases” in their wages in the face of tensions in recruitment, to “keep their workforce and keep their skills”. A further 50% of VSEs/SMEs paid their employees the “Macron bonus”, which was created at the close of 2018 tax-free, and the maximum amount should triple over the five-year term according to a campaign promise by the elected president.
Francois Asselin suggests that companies pay the premium in multiple installments to encourage them to make the leap. This will avoid any cash flow problems and encourage more companies to do the same. Frederic Coirier, co-president of Movement of Intermediate-sized Companies (Meti), said that intermediate-sized companies had made substantial efforts.
He predicts that “Wages have increased more than 3% since the last mandatory annual negotiations, and […] participation and profit-sharing will definitely increase as the 2021 results are quite impressive”,
Frederic Coirier will announce a reduction in production taxes to restore employees’ purchasing power. To restore our margins, we must return to the European average. He develops when they have margins. They invest, create jobs, and can raise the remuneration for employees.
He told AFP that a return to the continental average would mean 35 billion euros in lower production tax. This is five times greater than the 7 billion production taxes the executive has pledged to eliminate through the elimination of the company’s contribution on the added value. Concerns about rising costs are not limited to wages. “We are witnessing our raw material supply prices skyrocket. Energy first. The boss of the CPME explained that it was complicated when you can’t pass the selling prices on.
